Hey rahulpereira,
Doesn't matter what nationality you are or where you're from....the program has been opened internationally so yes you are eligible.
The next CX course will begin in Feb/March of 2010....but seeing that you only applied recently it might be too optimistic to think you will make this course. Perhaps, if you are successful through all the testing and interview and flight grading, you could possibly start in the course after.
Hope this helps.